Authored By: Sarah
18 Aug 2024

Strapping Machine Market 2024-2028: Size and Emergence of robots in strapping process; growth driven by the Product, Some of key Companies Positioned Strategically

The strapping machine market size by Product (Automatic and Semi-automatic) and Geography (North America, Europe, APAC, South America, and Middle East and Africa), is forecast to increase by USD 1329 million. The market is expected to grow at a CAGR of   4.5% between 2024 and 2028.

  • In the realm of industrial and transit packaging, end-users are grappling with the increasing complexity of handling a diverse range of products with varying shapes, sizes, and weights. To address this challenge, they are integrating advanced automation solutions, such as pick-and-pack robots, into their end-of-line packaging processes. Enhancing productivity, these robots streamline the packaging workflow. Some manufacturers, like Samuel Packaging Systems Group, are innovating by incorporating robotic facilities into strapping machines. For instance, their ingot strapping machine boasts a robot stacker, which gathers and stacks ingots in multiple layers for strapping, thereby eliminating the need for manual labor. Although the initial investment for robotic equipment is approximately 40% higher than that of conventional automated systems, the long-term benefits in terms of efficiency and productivity make it a worthwhile investment for businesses seeking to optimize their packaging operations.
  • The strapping machine market is experiencing significant growth due to the increasing demand for automated packaging solutions in various industries. These machines offer efficiency, cost savings, and improved product security. Key players in this market are focusing on innovation, expanding their product portfolios, and enhancing their technological capabilities to cater to evolving customer needs. The market is expected to continue its upward trajectory, driven by factors such as rising consumer expectations for convenient and safe packaging, and the increasing adoption of automation in manufacturing processes.

Access the full report to know who are the other key countries segment-wise forecast and historic data

 

Some of the Key Companies:

  • ASN Packaging Pvt Ltd.
  • Crown Holdings Inc.
  • Crown Packaging Corp.
  • Cyklop International
  • Dongguan Xutian Packing Machine Co. Ltd.
  • Dynaric Inc.
  • Fromm Holding AG
  • Hefei Seelong Import and Export Group Co. Ltd.
  • Hunan ADTO Industrial Group Co. Ltd.
  • Messersi Packaging Srl
  • Mosca GmbH
  • North Shore Strapping Inc.
  • Packmaster Machinery Pvt Ltd.
  • Polychem Corp.
  • Samuel Son and Co. Ltd.
  • StraPack Corp.
  • Tiger Pack Inc.
  • TITAN Umreifungstechnik GmbH and Co. KG
  • Transpak Equipment Corp.
  • VENUS HARTUNG PTY LTD.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!

Safe and Secure SSL Encrypted

Technavio

  • 2500 USD

[5 reports/month/user]

  • 5000 USD

close
  • Basic Plan [5000 USD/Year]:

    Single User
    Download 5 Reports/Month
    View 100 Reports/Month
    Add upto 3 Users at 625 USD/user

  • Teams Plan [7500 USD/Year]:

    5 User
    Download 5 Reports/Month/User
    View 100 Reports/Month/User
    Add upto 30 Users at 500 USD/user

*You can upgrade to Teams plan at Subscription page

close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization).
    Complimentary Customization Included

*For Enterprise license, go to checkout page

Technavio Get the report (PDF) sent to your email within minutes.